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Direct Line Ins Grp (DLG)

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Tuesday 02 April, 2013

Direct Line Ins Grp

Director/PDMR Shareholding

RNS Number : 4059B
Direct Line Insurance Group PLC
02 April 2013
 



DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

 

2 APRIL 2013

 

 

DLG announces the following changes to the interests of PDMRs in DLG's ordinary shares of 10 pence each ("Ordinary Shares").

 

Awards made under The Royal Bank of Scotland Group plc ("RBS Group") 2010 Long Term Incentive Plan ("RBS Group LTIP")

 

Executive Directors and certain PDMRs of DLG continue to hold unvested awards previously granted to them as employees of the RBS Group under the RBS Group Employee Share Plans.

 

DLG was notified today of the vesting today of conditional share awards granted under the RBS Group LTIP, satisfied by Ordinary Shares, and the sale of a sufficient number of Ordinary Shares to discharge the relevant tax liability.

 

PDMR

Conditional awards granted under the RBS Group LTIP*

Number of Ordinary Shares vested

Number of Ordinary Shares sold

Sale Price per Ordinary

Share

Number of unexercised Ordinary Shares retained

Conditional awards remaining under the RBS Group LTIP*

Humphrey Tomlinson

328,669

126,258

65,885

£2.03

60,373

202,411

José Vazquez

214,445

52,761

27,533

£2.03

25,228

161,684

 

* As detailed in the Company's Prospectus dated 28 September 2012, participants within DLG with awards granted under the RBS Group LTIP have those awards satisfied in Ordinary Shares.  The numbers in the table therefore relate to numbers of Ordinary Shares.

 

This announcement is made in accordance with the requirements of DTR 3.1.4 R.

 

For any enquiries relating to this announcement, please contact:  

 

Ines Watson
Senior Assistant Company Secretary, Governance
Email: 
[email protected]

Telephone:  020 8313 5997

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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